LandStar Inc (OTCMKTS: LDSR) is down for the year after shedding more than 90% in market value over the past year. The stock is languishing at all-time lows and in dire need of groundbreaking catalysts to reinvigorate its prospects, investor sentiments having hit all-time lows.
LDSR Price Analysis
The stock has struggled to bounce back even on the management reiterating that the company is fully compliant with the Securities and Exchange Commission reporting requirements. The appointment of a new Chief Financial Officer is yet to have a significant impact on the stock’s market activity as trading volume and share price remain in subdued territory.
LandStar has also sought to strengthen its market sentiments by confirming the closing of yet another deal for hybrid cloud managed data archiving service. The company has also sought to strengthen its prospects in the data privacy and cloud software business with the unveiling of a new product line.
Amidst the developments and milestones achieved, LandStar stock has continued to edge lower and now finds itself at all-time lows, engulfed in a long-term bear trend. A plunge below the $0.01 psychological level continues to arouse severe concerns about the stock’s long-term prospects.
The stock is currently languishing at the $0.0016 level after succumbing to bearish pressure over the past year. Considering the underlying long-term bear trend, it will take a groundbreaking catalyst, to revitalize the stock’s market sentiments consequently fuel a spike from all-time lows.
What Does LandStar Do?
LandStar casts itself as a technology company focused on the development and acquisition of cyber-security products as well as services. Its line of products and services are geared towards cyber data security as well as GPDR compliance and governance capabilities.
Amidst the underperformance in the stock market, CEO Jason Remillard insists that 2018 was a transitional year whereby tremendous milestones were achieved. According to the CEO, LandStar is at a point whereby they can accelerate the pace of planned corporate actions key among them being continued product development and acquisition roadmap.
As a cyber-security software, LandStar remains well positioned to capitalize on the growing market opportunity given the growing product and SaaS offerings catalogue according to the CEO.
“With the building blocks we’ve put in place in 2018, we are highly confident that 2019 is shaping up to be another significant year for the Company, with meaningful improvements to revenue and EBIT,” explained Mr. Remillard.
Some of the milestones achieved in 2018 that position the company for an impressive 2019 include the acquisition of data classification governance and GPDR compliance product. In 2018, LandStar also acquired a leading GPDR framework for WordPress having also acquired an enterprise cloud-based digital rights management, data storage, and workflow automation platform.
2018 Financial Results
For the Full year ended December 31, 2018 LandStar generated revenues of $28,772 compared to $0 for 2017. The revenues mostly consisted of ARALOC contract renewals. However, the company plunged into a net operating loss of -$15 million compared to a net loss of -$328, 462 for 2017. The balance sheet, on the other hand, improved to $324,935 as of the end of the year compared to $4,478 as of the end of 2017.
Chief Financial Officer Appointment
In trying to keep up and build on the milestones achieved in 2018, LandStar has confirmed the appointment of Steven Dawson as the new Chief Financial Officer. He joins the company with over 18 years’ worth of experience in corporate finance as well as treasury and financial planning.
“We are excited to bring Mr. Dawson onto the Data443 team to help us achieve our growth goals and support both our investor and client communities. His expertise will make an immediate and long-term impact on our,” stated Mr. Remillard.
LandStar achieved significant milestones in 2018 as part of its corporate strategy. For starters, the company strengthened its product line when it comes to cybersecurity solutions. LandStar also transitioned into a revenue-generating entity.
Amidst the development, the stock remains engulfed in a steep downtrend. Market sentiments having hit all-time lows. Given the underperformance of the past year, we believe a turnaround is inevitable.
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Disclosure: We have no position in LDSR and have not been compensated for this article.